Forex Trend Analysis Report
Prepared for you on Monday, February 19, 2018.
Cyprus Pound/South African Rand (FOREX:CYPZAR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CYPZAR
The long term trend has been DOWN since Dec 17th, 2017 at 25.9755
The intermediate term trend has been DOWN since Feb 7th, 2018 at 25.0980
The short term trend has been DOWN since Feb 6th, 2018 at 25.1560
Smart Scan Analysis for CYPZAR
Based on a pre-defined weighted trend formula for chart analysis, CYPZAR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).